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>> look at the market since the election. in fact, global stock markets are flat. u.s. stocks are down 2%. that's like nothing. so basically what's happening is this fiscal cliff is holding down a market that's being boosted by what steve said, better economic numbers, not just in the u.s. china's bottom is going up. we've seen better pmi numbers in europe. monetary expansion is pushing asset spriess up. so again, if you believe there's going to be resolve, and it could well go down. i actually think there will be bigger buying opportunities if you go through december 31st with negative rhetoric into the new year. that's when things get really nasty here. i don't learn anything from the sound bites from senator reid or boehner or anybody else. these are just negotiations going on. >> all right. >> unfortunately in public. that's my point. >> that's how it's always done. you are so hopeful, bill. >> larry, steve, i'll see you later. >> it's charming, bill. just charming. all right. we have -- >> that's a code word on her part, by the way. >> 13 minutes before the closing
>> look at the market since the election. in fact, global stock markets are flat. u.s. stocks are down 2%. that's like nothing. so basically what's happening is this fiscal cliff is holding down a market that's being boosted by what steve said, better economic numbers, not just in the u.s. china's bottom is going up. we've seen better pmi numbers in europe. monetary expansion is pushing asset spriess up. so again, if you believe there's going to be resolve, and it could well go down. i...
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the people on the square are not looking for compromise, they want this democratically elected president to come down and as you mentioned earlier, the president himself has put himself above the law. both sides staked out extreme positions. which side will break first there does not seem to be an easy way out for either side. >>shepard: your reporting was interesting on the actions of the islam brotherhood toward their own party when they decided not to protest today. >>reporter: they planned a major protest today originally a million man march, basically, to show the world how were support president morsi had and he has considerable support. usually the muslim brotherhood matches have been much bigger than the opposition, and that is a question mark right now because the opposition has been growing stronger. they have shown some restraint, though, the muslim brotherhood canceled the march because if you have 200,000 behind me on one side, and a million people two blocks away, it is really, a recipe for disaster, so the two sides have kept apart until now. >>shepard: 10:39, the time of
the people on the square are not looking for compromise, they want this democratically elected president to come down and as you mentioned earlier, the president himself has put himself above the law. both sides staked out extreme positions. which side will break first there does not seem to be an easy way out for either side. >>shepard: your reporting was interesting on the actions of the islam brotherhood toward their own party when they decided not to protest today. >>reporter:...
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Nov 27, 2012
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then there was the election and democracy supposedly that put president morsi in place. we have the same crowds back into the square and they're protesting again. he made some moves to try to quell all of this and compromise a bit. were they meaningful though, steve? >> reporter: certainly we are seeing exactly the same scenes, sometimes exactly the same chants that were used against hosni mubarak now being used against the new egyptian president. he did attempt to make a move or an appearance at compromise yesterday. he met with some of his critics, some of the chief judges here in cairo but it is clear his attempts trying to reduce the scale of his power grab is not being met with any kind of approval by the crowds. they're out today in much stronger numbers, really rejecting any hint at compromise. they want him to withdraw this decree completely. they will stand here until that happens. martha? martha: all right. steve, really volatile situation. you've got live pictures on the right here. you can see the kind of camping out scene that we saw during the arab spring.
then there was the election and democracy supposedly that put president morsi in place. we have the same crowds back into the square and they're protesting again. he made some moves to try to quell all of this and compromise a bit. were they meaningful though, steve? >> reporter: certainly we are seeing exactly the same scenes, sometimes exactly the same chants that were used against hosni mubarak now being used against the new egyptian president. he did attempt to make a move or an...
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Nov 27, 2012
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this is another thing we left to be resolved after the election. do you think we'll see that full pipeline approved and put into place? what do you think? >> well, i think obviously we should but you still have the far left is going to be pulling on the president on any input he would have. let's keep in mind, that pipeline by the way goes through my state of oklahoma. melissa: yes. >> a big intersection is in oklahoma. i have a dog in that fight. that is something absolutely no reason not to see all the way through yet he is will be fighting it. i don't know how that will turn out. would i say this though. the one thing we know will continue to increase because you might recall before the election i came up with the eight increases in regulations that he was going to do after the election. now to do this he had to violate a law because there is law that says every six months you have to come out with the cost in terms of jobs and money of new regulations. and that was due the 31st of october. he just, you know, flagrantly disobeyed the law so peop
this is another thing we left to be resolved after the election. do you think we'll see that full pipeline approved and put into place? what do you think? >> well, i think obviously we should but you still have the far left is going to be pulling on the president on any input he would have. let's keep in mind, that pipeline by the way goes through my state of oklahoma. melissa: yes. >> a big intersection is in oklahoma. i have a dog in that fight. that is something absolutely no...
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the person they get elected leaders the president. i'm sorry, you either lead or you fail. >> there hasn't been a ton of willingness to compromise with president obama. that is in part because they believe that they have a mandate to hold firm. they promise that they are not going to raise tax rates and then they are going to keep that promise. so how much could leadership on the president's part change those hearts and minds? >> i think very easily. the bottom line, the president said, rather than the full 3%,, we will cappadocians and we will meet you halfway and we will start on entitlement reform. it is easy to do. the framework is there. but what is missing is leadership and the willingness to compromise. something that both guides, president and the republican leaders have to do with. megyn: i wonder if ron gets any kind of payment for this. the spokesperson for the cause. you know, if this works, whether he gets any kind of kickback. thank you guys so much you think you. >> thank you. megyn: coming up next, a homeowner is charg
the person they get elected leaders the president. i'm sorry, you either lead or you fail. >> there hasn't been a ton of willingness to compromise with president obama. that is in part because they believe that they have a mandate to hold firm. they promise that they are not going to raise tax rates and then they are going to keep that promise. so how much could leadership on the president's part change those hearts and minds? >> i think very easily. the bottom line, the president...
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certainty yes they do allegedly have austerity here and we were one of the big things during the us elections is that obama is a socialist and he's printed more money or incurred more debt than any president in history blah blah blah but they they looked over across the pond and said well david cameron's doing it right quote despite david cameron's talk of austerity he's going to add an estimated seven hundred billion pounds to the national debt in just five years that's more than. tony blair and gordon brown added to the national debt in the eleven years it's more than every british government of the past one hundred years put together so again with facts is facts it doesn't matter what the policy is it seems in a debt deflation and all ends up to more debt because that's the only way out right and the g.d.p. ratio and skyrocketing. depending on who you ask between seven hundred and nine hundred percent of g.d.p. so it's very similar to iceland before iceland collapsed money we note that the only two nations worse than the u.k. are ireland and japan if you add in the private and the banking
certainty yes they do allegedly have austerity here and we were one of the big things during the us elections is that obama is a socialist and he's printed more money or incurred more debt than any president in history blah blah blah but they they looked over across the pond and said well david cameron's doing it right quote despite david cameron's talk of austerity he's going to add an estimated seven hundred billion pounds to the national debt in just five years that's more than. tony blair...
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we as the american public are fools if we would elect, re-elect anybody that sat there and watched this thing go over the cliff. the bigger issue, we are in a slow growth/no growth economy, even after we solve that what are we going to do too move this economy forward? >> what are you advising your clients to do with their money? >> one, a little bit on the conservative side, a normal account would be 50% stocks, 50% bonds, we may be about 40/60, i'm very concerned about the bond market at this point over time. >> treasury, corporates. >> wither in corps pratt, also in some alternative oriented things. secondly, i think we are in a market it makes sense to produce income. if the dow at 13, 14,000 now and 13, 14,000 in three years which could be the situation in a muddling along economy what interest in dividends you produced that period of time. if you believe this isn't going to be a high-growth economy, it leads to you producing it quickly and evenly. >> we got to get to eamonoffers in d.c. the higher tax rate you. >> where are you going to go? >> the dividends is misplaced because yo
we as the american public are fools if we would elect, re-elect anybody that sat there and watched this thing go over the cliff. the bigger issue, we are in a slow growth/no growth economy, even after we solve that what are we going to do too move this economy forward? >> what are you advising your clients to do with their money? >> one, a little bit on the conservative side, a normal account would be 50% stocks, 50% bonds, we may be about 40/60, i'm very concerned about the bond...
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i understand before the election because they didn't want to do something to hurt obama re-election. his eselection over. no interest. sex scandal looked salacious. now that has faded away the one way to be kept alive is the season rice nomination. >> bret: is she nominated? >> probably yes. but the real interest in that is not who gets nominated or appointed but it will highlight the scandal otherwisic noreed. >> bret: yes or no? >> i think she gets nominated. >> sounds like he wants to do it. >> next up, the president goes on the road to talk about the fiscal cliff. we use this board to compare car insurance rates side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ grunting ] >>> let me suggest if the president wants a solution to challenges at the moment the people he needs to talk to are the members of his own party so he c
i understand before the election because they didn't want to do something to hurt obama re-election. his eselection over. no interest. sex scandal looked salacious. now that has faded away the one way to be kept alive is the season rice nomination. >> bret: is she nominated? >> probably yes. but the real interest in that is not who gets nominated or appointed but it will highlight the scandal otherwisic noreed. >> bret: yes or no? >> i think she gets nominated. >>...
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>> they backed up everything right before the election. they held a lot of those back. i have not looked at all of the rules so i cannot tell you about all of them. i can tell you that i think some of them are pushing the envelope. sometimes they push the envelope because that is moving technology forward. i always have a skepticism when there is an immediate, no, no, you cannot possibly do this. if you sit down with the people and that is what i think they have not done is bring everybody to the table and sit down and say how do we reach this goal. understand where we are coming from. how do we do this together so you can pick to continue to create jobs. dagen: thank you. connell: the least respected companies turning out to be some of the biggest gainers we have seen here in the last couple months. dagen: loving a loser. that does not describe sandra smith. sandra: take a look at the nasdaq. the tech heavy nasdaq just barely in negative territory. research in motion, the maker of the blackberry, everyone is questioning about whether or not this company would survive.
>> they backed up everything right before the election. they held a lot of those back. i have not looked at all of the rules so i cannot tell you about all of them. i can tell you that i think some of them are pushing the envelope. sometimes they push the envelope because that is moving technology forward. i always have a skepticism when there is an immediate, no, no, you cannot possibly do this. if you sit down with the people and that is what i think they have not done is bring...
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somebody said the other day about the election that neither party got a mandate coming out of the election. what they got was a work order to get the job done. i think that's what john boehner's constituents are telling him. that's what all the other congressional leaders are hearing from their people. now, as a practical matter, that's very difficult because it's a very diverse country. you've got incredibly diverse and strongly held views on both sides. i do think the fact that voters have just spoken in an election and have sent a message that they want things to get done, that's a powerful propellant in washington to get things done, which is why we've seen behind me at the white house a parade of people going in to meet with secretary geithner, with the white house chief of staff, with the president. we have more coming tomorrow. lloyd blankfein of goldman sachs. this is an effort by everybody to try to marshall whatever influence these people have with lawmakers to try to get something done. >> okay, john. thank you. john harwood live from the white house. >> we look forward to seein
somebody said the other day about the election that neither party got a mandate coming out of the election. what they got was a work order to get the job done. i think that's what john boehner's constituents are telling him. that's what all the other congressional leaders are hearing from their people. now, as a practical matter, that's very difficult because it's a very diverse country. you've got incredibly diverse and strongly held views on both sides. i do think the fact that voters have...
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and christie is getting his re-election campaign ramped up. he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech company's top executives misled investors about two key acquisitions that have caused billions of dollars in losses. the lawsuit alleges that hp management concealed the problems and another recent acquisition which we've talked about, electronic data, in an attempt to boost hp stock price. meantime in the "wall street journal," former employees, business partners and attorney attorneys say it's not difficult to conclude that the company autonomy's accounting was overly aggressive, they say such behavior tip filed autonomy long before hp bought it. and mike lynch says the company's culture was aggressive. >> th
and christie is getting his re-election campaign ramped up. he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech company's top executives misled investors...
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even if an election is on the line. even if everybody is watching, even if it's not behind closed doors. once again, i think at the end of the day, the american people are going to get the short end of this stick because they won't see what the negotiations really were. and they'll be told on christmas eve oh, all parties have come together of the we'll have a foe foe op and we're all supposed to be happy and i would say we should look very carefully about the republican who are willing to cave on first principles without having a single sub tantive discussion on what's really on the line. i find it appalling. >> brian: you know what i find different this time? in the "new york times," they list all the democrats who have no interest in revamping any entitlements. >> of course not. not why should they? >> brian: by the way, i'm noticing what's coming up. i'm just wondering, is this the first time the president could be running into head winds with his own party? could they be to the left of the president? >> well, i moo
even if an election is on the line. even if everybody is watching, even if it's not behind closed doors. once again, i think at the end of the day, the american people are going to get the short end of this stick because they won't see what the negotiations really were. and they'll be told on christmas eve oh, all parties have come together of the we'll have a foe foe op and we're all supposed to be happy and i would say we should look very carefully about the republican who are willing to cave...
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you have elected them. he put the responsibility in their hands. they can tell you why they did it all why they did not. precisely because we are not political. none of you elected me to do anything. i am there to interpret the law with my colleagues. so i need to explain to you this is what it is. i am interpreting the law and here it is. because that ensures that i am not engaged in political activity, but engaged in their things. they still have to explain what they have done. that is a very valuable chat on the process. we are very transparent. i think that we are also accountable. >> what do you see as the greatest challenge to the u.s. constitution in today's society? >> well, i did touch on an earlier. in terms of applying the constitution, i do think it is the technology. i mean, all of the dna is obvious for examples. you can be exonerated through dna evidence. far more often, it is used in the catch. is it a search and seizure with a tweezer full of skin and see if it matches something else. it is very difficult and there are difficult qu
you have elected them. he put the responsibility in their hands. they can tell you why they did it all why they did not. precisely because we are not political. none of you elected me to do anything. i am there to interpret the law with my colleagues. so i need to explain to you this is what it is. i am interpreting the law and here it is. because that ensures that i am not engaged in political activity, but engaged in their things. they still have to explain what they have done. that is a very...
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ashley: yeah. >> i think the election results, president of the region advocated this snap election. i think he didn't get quite what he wanted. he lost about 20% of his seats. ashley: yeah. >> many people in the market are afraid of center right coalition with a center left. only thing they agree on a strong, independent, catlonia. ashley: right. >> i think the prime minister will have to renegotiate with the regions especially cat at that loan yaw. especially the division of the tax revenue. i think the bigger picture the when will spain formally ask for aid? many people thought it would take place already. ashley: yeah. >> my best guess doesn't take place until later q1 next year when the spain has record refinancing it has to do. that is when a weak economy, interest rates rising, they have to sell more paper. that is when they're forced to get --. ashley: get that money. yeah. quickly with the fiscal cliff, what impact if any does it have on the dollar? >> on the short run probably nothing. as we're watching it, i think people are a bit hesitant getting too long the dollar. in t
ashley: yeah. >> i think the election results, president of the region advocated this snap election. i think he didn't get quite what he wanted. he lost about 20% of his seats. ashley: yeah. >> many people in the market are afraid of center right coalition with a center left. only thing they agree on a strong, independent, catlonia. ashley: right. >> i think the prime minister will have to renegotiate with the regions especially cat at that loan yaw. especially the division of...
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speaking of the election, you guys, the vice presidential debate is just three days away. both sides are busy getting ready. and republican candidate paul ryan said that he expects joe biden to come at him like a cannonball. biden was, like, "there's going to be a pool there?" [ laughter ] "i'm more of a belly flop guy, but i can -- cannonball?" [ cheers and applause ] >> steve: he's, like, "jackknife!" >> jimmy: what's the jackknife? >> steve: "belly flop!" >> jimmy: you guys hear about this? this is a true, real story. during a concert last night in spain, lady gaga -- [ laughter ] reading it wrong? during a concert last night in spain, lady gaga threw up several times while she was on stage. justin bieber said, "hey, cool. she's covering one of my songs. i know that one." [ laughter ] "i just did that last --" [ retching ] hold my hair. >> steve: hold my hair. >> jimmy: that was a hootie & the blowfish song. hold my hair hold my hair the toilet bowl is full doritos now [ light laughter ] >> jimmy: that's right, lady gaga threw up on stage during a concert. so in fairnes
speaking of the election, you guys, the vice presidential debate is just three days away. both sides are busy getting ready. and republican candidate paul ryan said that he expects joe biden to come at him like a cannonball. biden was, like, "there's going to be a pool there?" [ laughter ] "i'm more of a belly flop guy, but i can -- cannonball?" [ cheers and applause ] >> steve: he's, like, "jackknife!" >> jimmy: what's the jackknife? >> steve:...
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national elections in january. ehud barak is israel's most decorated soldier. he also served as prime minister. barak has been moderating influence with the united states and powers. his decision to quit politics comes at a time of uncertainty with israel. he has clashed publicly with the prime minister there benjamin netanyahu how to handle the threat from iran's nuclear program. folks at the macy's thanksgiving day parade spotted something strange. turns out some of the confetti was actually secret police files. coming up, how social security numbers and info on undercover cops and even governor mitt romney's motorcade ended unraining down ended up raining down on the crowds. second time in just days that a bird strike sparked a mid-air emergency. that's coming up as fox reports live tonight. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easie
national elections in january. ehud barak is israel's most decorated soldier. he also served as prime minister. barak has been moderating influence with the united states and powers. his decision to quit politics comes at a time of uncertainty with israel. he has clashed publicly with the prime minister there benjamin netanyahu how to handle the threat from iran's nuclear program. folks at the macy's thanksgiving day parade spotted something strange. turns out some of the confetti was actually...
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elected democratically in a very traditional, conservative country. and the muslim brotherhood, and let's be clear, once a bro always a bro, even though morsi has technically resigned from his party, the brothers are involved in a long game. it's going to outlast barack obama, it's going to outlast the next american president, and their objective is to become the predominant political force shaping egypt in a much more conservative direction. i don't think we're talking about a little tehran on the nile, but you are talking about a transor formation in a country over time -- transformation in a country over time that is going to make it very difficult for the united states, let alone the israelis, to have a functional and durable relationship. but it's the long game. jon: we heard secretary of state clinton heaping praise on president morsi for helping broker or that ceasefire between the hamas and israelis. it was just a day or two later that he made this power grab. was he emboldened by the praise from the united states? >> he's one clever guy. i do
elected democratically in a very traditional, conservative country. and the muslim brotherhood, and let's be clear, once a bro always a bro, even though morsi has technically resigned from his party, the brothers are involved in a long game. it's going to outlast barack obama, it's going to outlast the next american president, and their objective is to become the predominant political force shaping egypt in a much more conservative direction. i don't think we're talking about a little tehran on...
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presidential election. now we come to the cliff. if we get a deal done, this market needs a catalyst, david. that can be the catalyst forward because buyers frankly are in a wait and see mode and they have been. there's not been a lot of risk to not acting. in fact, the risk har to action. despite the fact that the fundamentals have been for the last couple years the best fundamentals we've ever seen. >> investors reacted positive to deals including today. back to the fiscal cliff. all right. let's say we get a resolution. right away, m&a activity heats up. take me how it will help. >> i think in the first quarter following a deal you will see a resurgence but it won't be dramatic. but that activity will cause buyers to believe there's finally risk to not acting. what we need is a consequence to inaction. that will be deals that will be announced in the quarter following the cliff, which i absolutely believe they will be. we've got deals on the shelf that are waiting for this kind of activity. those deals move into the market. senti
presidential election. now we come to the cliff. if we get a deal done, this market needs a catalyst, david. that can be the catalyst forward because buyers frankly are in a wait and see mode and they have been. there's not been a lot of risk to not acting. in fact, the risk har to action. despite the fact that the fundamentals have been for the last couple years the best fundamentals we've ever seen. >> investors reacted positive to deals including today. back to the fiscal cliff. all...
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. >>> the recommend-elect of mexico will take office this saturday. he says he want -- the president-elect of mexico will take office this saturday and he wants to discuss the drug war when he talks with president obama. immigration will also probably be among those discussions. >>> 7:15. new this morning, u.n. ambassador susan rice is meeting with -- on capitol hill with three senators who have been critical of her initial explanation about the attacks in libya. jamie dupree has more from washington, d.c. via skype. >> reporter: there is a lot of talk that she will be nominated for the position of secretary of state. rice is here this morning meeting with senators john mcan, lindsey graham and others in the basement of the capitol. you can see a stakeout that's down there where vee with -- where we have microphones set up. we're hoping to hear from some senators later this morning about this meeting. rice has taken a lot of flack for her explanation on the talk shows about what happened on the attacks in libya on that u.s. facility in benghazi where
. >>> the recommend-elect of mexico will take office this saturday. he says he want -- the president-elect of mexico will take office this saturday and he wants to discuss the drug war when he talks with president obama. immigration will also probably be among those discussions. >>> 7:15. new this morning, u.n. ambassador susan rice is meeting with -- on capitol hill with three senators who have been critical of her initial explanation about the attacks in libya. jamie dupree...
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and no republican has been elected without signing that no tax increase pledge. how many of these things have been signed? >> pledges? >> reporter: yes. >> thousands over the years. >> reporter: he keeps them all on file. here's john boehner's pledge, signed 20 years ago. if somebody signed this 10 years ago, 18 years ago, 20 years ago, are they still bound by it? >> when you got married, did you wife think there was an expiration date on that pledge? >> reporter: he says anybody is doomed. but with the fiscal cliff just months away, and a re-elected barack obama insisting that tax increases must be part of any budget deal, key republicans are now talking about ditching the pledge. >> i'm not obligated on the pledge. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> reporter: even republicans who say they are willing to violate the pledge say they will only do so by closing loopholes, not by doing what the president wants to do, which is raising tax rates. >> so, the sides, still far apar
and no republican has been elected without signing that no tax increase pledge. how many of these things have been signed? >> pledges? >> reporter: yes. >> thousands over the years. >> reporter: he keeps them all on file. here's john boehner's pledge, signed 20 years ago. if somebody signed this 10 years ago, 18 years ago, 20 years ago, are they still bound by it? >> when you got married, did you wife think there was an expiration date on that pledge? >>...
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it suggests that republicans are slowly absorbing one of the lessons of the 2012 election which as elections continue to be wown wop in the middle and victory remains elusive for parties that occupy either the far left over the far right. over the years the democratic party has wrestled with the same issues republicans are facing. when i was elected to congress in 1981, crime was ripping apart my district district. i came to washington with a goal of working to pass new laws to crack down on crime. lo and behold i found the democratic congress at the time was literally outsourcing the drafting of crime legislation to the aclu. i have great respect for the views of civil libertarians but at that time the motto was -- quote -- "let a hundred guilty people foe free lest your convict one guilty person." that dominated our party's thinking on crime for better than a decade. our party suffered for it. we didn't standpoint snap out of it until president clinton passed the crime bill in the 1990's. after that we won back the trust of moderate, middle-class voters. i now how difficult it is. but if h
it suggests that republicans are slowly absorbing one of the lessons of the 2012 election which as elections continue to be wown wop in the middle and victory remains elusive for parties that occupy either the far left over the far right. over the years the democratic party has wrestled with the same issues republicans are facing. when i was elected to congress in 1981, crime was ripping apart my district district. i came to washington with a goal of working to pass new laws to crack down on...